Farms.com Home   Ag Industry News

Cargill to Buy Australia’s Largest Malting Business

By Amanda Brodhagen, Farms.com

Cargill said it plans to acquire Glencore International’s malting business, which supplies brewers in Australia and in several Southeast Asian countries.

The company plans to buy Australia’s Joe White Maltings seven malt plants, the sale price of the deal wasn’t disclosed. The purchase is subject to regulatory approvals.  “The addition of Joe White Malting will complete Cargill’s global footprint in all key barley production areas and enable us to better serve our global and leading regional brewers in the region,” said Doug Eden, president of Cargill’s Global Malt business.

If the deal goes through, Cargill will have malting facilities located in Australia, Europe and the America’s. The transaction is expected to be completed by the end of 2013.
 


Trending Video

The All-New Kubota SVL110-3 in Action

Video: The All-New Kubota SVL110-3 in Action

Break New Grounds: Make short work of rugged bush, uneven ground, or a challenging job site. The new Kubota SVL110-3 is faster, stronger, and tougher than ever before thanks to increased horsepower and high-performance attachment capability. Key new features: Increased performance: It’s not just a new model. The SVL110-3 is equipped with a range of innovative new features that are designed to increase performance while maintaining operator ease and comfort. Easy maintenance and cleanouts: Save time and effort when doing maintenance: the cab can be tilted 72° without having to lift the arm, allowing easy access to the hydraulic pumps, valves, lines and hydraulic tank. The SVL110-3 has three clean outs on the bottom of the chassis and one on each side to clean out material from the loader arms area.